Wakefield Retail

Wakefield

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,830
As of: June 27, 2017

Wakefield Rates

On average, listings lease in the $20's per square foot per year. The Wakefield submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $21 per sqft per year.

Compared to the rest of the Greater Boston market, the Wakefield submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.

Wakefield Listing Supply

In the last 90 days, 5 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 60% of the office spaces in the Wakefield are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,830 sqft. Most buildings in this area are close to 4 floors. Most buildings in this market were built in 1983 and are Class A.

Wakefield Community

Market Report

Trends and status of the commercial real estate market in Wakefield.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Wakefield.
Research

Wakefield Submarkets